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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

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It looks like Valeritas, which is developing insulin pumps for Type 2 diabetes, is in the midst of raising another big round of cash.

The New Jersey medical device company filed paperwork with the SEC indicating it’s raised about $22 million in a round that could go as high as $45 million.

Image: http://medcitynews.com/ 

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Each summer, a new group of fresh-faced, eager and energetic interns take over company cubicles and break rooms. While this new summer staff can give your startup an extra set of hands and a lot of energy, figuring out the right way to put them to work for your business while giving them a positive experience can be tricky.

Here are six tips to ensure greater success with your internship program this summer:

Image: Summer interns at NASA's Goddard Space Flight Center present their projects at a poster session on July 20, 2011. - NASA GODDARD SPACE FLIGHT CENTER 

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It's not often that Google's two founders do a joint interview, so when they do it's worth paying attention.

Larry Page and Sergey Brin conducted a fireside chat late last week with Vinod Khosla, founder of Khosla Ventures, about everything from self-driving cars and artificial intelligence to health projects and the unnecessary complexity of government.

Image: Google cofounders Larry Page (left) and Sergey Brin do a fireside chat with VC Vinod Khosla. - YOUTUBE, KHOSLA VENTURES 

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exit

A few months ago, one of my employees decided to leave the company. Her exit wasn't a total surprise — we'd hired her originally as an intern, and we all knew her heart and her passion resided in the nonprofit realm. I tried to convince her that our business — employee engagement consulting — was saving the world in a different way, but alas, she wasn't buying it.

Image: http://www.freedigitalphotos.net

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Have you ever wanted to know exactly what people were thinking?

The anonymous posting app Secret offers a platform through which you can unload your confessions and tap into what others are thinking and feeling. As the old rhyme goes, "Secrets, secrets are no fun, unless you share with everyone."

Image: http://www.freedigitalphotos.net

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kid flying kite

Several months ago I had the pleasure to interview the world’s youngest entrepreneurs, Sanjay and Shravan Kumaran. These two young men started their mobile app business, Go Dimensions two years ago when they were eight and ten years old, respectively. To date, they have created four apps and spoken to over ten thousand people in India and South Korea about entrepreneurship. During our interview there was one thing in particular that stood out. When asked why they started their business the brothers said, “we wanted to practice business.”

 

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In Spain, where there was a debt crisis just two years ago, investors are so eager to buy the government’s bonds that they recently accepted the lowest interest rates since 1789.

In New York, the Art Deco office tower at One Wall Street sold in May for $585 million, only three months after the going wisdom in the real estate industry was that it would sell for more like $466 million, the estimate in one industry tip sheet.

Image: Credit Richard Drew/Associated Press 

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Four of five students who graduated college in 2008 were able to find some sort of employment in the four years after their graduation, despite entering the work force during the worst of the economic recession, a federal report shows. Eighty-three percent of bachelor's-degree recipients who were not enrolled in another degree program were employed in some fashion, with about 85 percent of those students working in one full-time job. Eight percent worked in one part-time job, while another 8 percent had multiple jobs.

Image: http://www.freedigitalphotos.net

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Starting a business can be a daunting proposition.  There’s so much unknown that most entrepreneurs can find themselves creating a patchwork of systems and processes in order to get their business off the ground.  But, with all the successful entrepreneurs out there, wouldn’t it be great if new entrepreneurs could receive some tips from those who have already made it?  Well, look no further. 

Image: http://www.freedigitalphotos.net

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question

I am frequently asked, “How do I know if I am an entrepreneur?” Estimates vary but on the average only 10% of all people are natural entrepreneurs. Many non-entrepreneurs have succeeded in starting B4T businesses, but in most of the successful cases they had a great coach or mentor walking with them through the start-up process. So if you are not an entrepreneur, be sure to get a mentor and form a team of coaches to advise you. Be sure to listen to them.

If you are not sure whether or not you are an entrepreneur, here are ten signs many people might consider to be liabilities or character flaws, but I believe can actually be indicators that you are an entrepreneur:

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3D printing has been used by a team of innovators called the Not Impossible group to create a prosthetic arm for children who have been victims of violent conflicts.

American Mick Ebeling decided to put the "dream team" together after reading a magazine article about Daniel Omar, a 14-year-old boy in Sudan who lost his arms during a dirty bomb explosion while taking care of his goats, stripping him of his ability to survive in a war-consumed area, according to CBC News.

Image: 3D printing has been used by a team of innovators called the Not Impossible group to create a prosthetic arm for children who have been victims of violent conflicts. (Photo : Creative Commons) 

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Saul Kaplan

It’s time for me to come clean.  In today’s social media crazed world it will come out sooner or later anyway.  I have one high school varsity letter and it’s for bowling.  Yes, you heard right, bowling.  And it wasn’t ten-pin, but candlepin bowling.  Anyone who grew up in New England, with parents like mine who looked for ways to get the kids out of their hair on rainy Saturdays, knows exactly what I’m talking about.  Candlepin bowling rocks.

 

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Personalized medicine (PMx), medical treatment tailored to specific patient populations based on their genetic or molecular biology profiles, has long been heralded as the next big thing in healthcare. It’s been about 16 years since Genentech launched Herceptin, a drug for breast cancer patients with a specific genetic mutation. At the time, Herceptin seemed to usher in a revolution for how drugs would be developed and patients would be cured.

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The latest Gallup-Wells Fargo Small Business Index, a representative telephone survey of 600 small business owners conducted at the end of March 2014, provides some interesting statistics on where current small company owners got the money they needed to start their businesses.

Image: http://www.freedigitalphotos.net

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It's date night. You want it to be super special.

Pulling up to the restaurant, you notice there’s no valet. Then it starts to rain--and you forgot to bring an umbrella. What's your next move? (A) Leave your significant other standing in the cold, while you try to park quickly and race back to the restaurant before the rain wrinkles you and ruins the evening; or (B) Push a button on your iPhone that instructs the car to park itself.

Image: http://www.fastcompany.com 

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Holding brainstorming sessions is easy. It's the actual brainstorming that's tough -- and often ineffective. As the boss, how do you get your team to come up with great ideas on the spot, and then actually follow through? Members from Young Entrepreneur Council (YEC) share some ideas.

Image: http://www.freedigitalphotos.net

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Suppose each time you ran low on an item in your kitchen—olive oil, bananas, napkins—your instinctive response was to drop everything and race to the store. How much time would you lose? How much money would you squander on gas? What would happen to your productivity?

We all recognize the inefficiency of this approach. And yet surprisingly, we often work in ways that are equally wasteful.

Image: http://www.freedigitalphotos.net

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Though parents still agree that a college degree is extremely important, fewer are planning to shell out their own money to help their kids attain one.

About 77% of parents say they plan to help their child pay for college -- down from 81% last year, according to a Discover Student Loans survey of 1,000 adults.

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woman

Sheryl Sandberg may have claimed one of the catchiest titles of the decade for a whither-women book — Lean In — but Pepsi CEO Indra Nooyi has a pretty good one too, if she ever wants to go there: Her book could be called We’re Screwed, which is a memorable line from a memorable Q&A with the owner of The Atlantic, David Bradley, before an audience at the Aspen Ideas Festival. Just as women in the corporate world are entering management, in many cases their parents are becoming needy elders, their kids are growing into needy adolescents, and with midlife bearing down, their husbands are often reverting into needy teenagers, she says. “So we’re screwed…we cannot have it all.”

 

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